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221  Bitcoin / Bitcoin Discussion / Re: Why it all went wrong in 2014 - but why 2015 can be better. on: December 30, 2014, 09:05:29 PM
First of all, the only thing disastrous about 2014 was the price drop.  Good things happened in every other facet of Bitcoin.
Er, Mt. Gox? Forgotten about that disaster already?
222  Bitcoin / Bitcoin Discussion / Re: Why I doubt we'll ever go mainstream on: December 28, 2014, 11:14:28 PM
Fiat Credit Card System : 5-8% of fee on ALL transaction + cost of "asking agreement" of each transaction + LOAN of credit card POS.
Movie "the rise and rise of bitcoin" explain this very easly in a supermarket.

Bitcoin : 0,0001 BTC for each transaction ( http://bitcoinfees.com/ ) + Wifi (fix cost) + Personal Phone to monitoring transaction (3x less than a POS cost).

Robocoin Bitcoin ATM: 5% fee, 7% spread.
223  Economy / Speculation / Re: Don't think of it as selling on: December 28, 2014, 02:45:32 AM
Think of it as asset reallocation.
224  Economy / Speculation / Re: Russia seems like to adopt bitcoin on: December 28, 2014, 02:43:19 AM
It looks more like somebody caught a drafting problem. The proposed Russian anti-Bitcoin law was so broad it hit business loyalty programs.
225  Bitcoin / Mining speculation / Re: Dec 17 to Dec 29th diff thread (-0.32%) to (-0.12%) on: December 28, 2014, 02:40:25 AM
There's been a sudden large increase in hash rate in the last week, after a previous drop.



What happened? Were some substantial hashing assets off doing Peercoin for a while, or what?
226  Economy / Speculation / Re: The bull run has not begun. on: December 26, 2014, 04:20:55 AM
Due to lack of interest, the bull run has been canceled.
227  Economy / Speculation / Re: The BULL RUN has BEGUN? on: December 26, 2014, 04:19:31 AM
There should be a "Meh" option in that poll.
228  Economy / Speculation / Re: BULL RUN has intitiated!! BITCOIN to EXPLODE. Now @ $333 to $335 on: December 23, 2014, 10:18:50 PM
"Re: BULL RUN has begun!! BITCOIN to EXPLODE."

Get a grip. The price has gone from $320 to $336. Big deal. A week ago it was around $350. A month ago, around $375. A year ago, around $700. For the last several months, it's been around $350 50. Anything within that range is just noise.
229  Economy / Speculation / Re: Stop your BTC cheerleading and mass delusion and face the reality on: December 23, 2014, 08:33:10 AM
I don't know how Satoshi saw that, but the fact that the inflation of bitcoin is programmed over 130 years, gives you an idea of the sort of time scale he had in mind.
Over half the potential Bitcoins have already been mined. 64%, actually.  That gives a sense of the real time scale involved.
230  Economy / Speculation / Re: The BULL RUN has BEGUN? on: December 23, 2014, 12:13:15 AM
The price has been wandering around in the $300 - $400 range for months. Once in a while there's a brief excursion outside that range, then it comes back.

The current price is below an hour ago, a day ago, a week ago, a month ago, and a year ago. What bull market?

See a three year chart. Tongue
Ancient pre-bubble history.
231  Economy / Speculation / Re: The BULL RUN has BEGUN? on: December 21, 2014, 08:34:54 AM
The price has been wandering around in the $300 - $400 range for months. Once in a while there's a brief excursion outside that range, then it comes back.

The current price is below an hour ago, a day ago, a week ago, a month ago, and a year ago. What bull market?
232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][GAW-Miners][XPY] Paycoin on: December 19, 2014, 03:54:04 AM
GAW seems to have planted a rumor that they will "support" the price at $20. But it's around $6 now based on the price at CoinSwap.

This thing has terminology like a pyramid scheme, with "prime controllers" and "3 month hash stakers". The 3-month lock-in just screams "Ponzi scheme".
233  Economy / Speculation / Re: When do you expect a turnaround in bitcoin price? on: December 18, 2014, 08:04:05 PM
So get busy marketing Bitcoin to new money if you want price to turn around.
Bitcoin needs an endless supply of new money to keep the price up.

Interestingly, merchant adoption is now viewed as a negative for the price of Bitcoin. It discourages "HODLing". Yet without Bitcoin being used as a medium of exchange, what's the point? Bitcoin doesn't generate any income.

The real drivers for the use of Bitcoin turned out to be uses that got around some governmental restriction. Silk Road drove the first bubble, and  China's exchange controls drove the second. Crackdowns on both of those were successful, and those bubbles popped.

That's where we are now. Where's the upside potential? (And none of that "civilization is going to collapse and only Bitcoin will be valuable" crap. Not helping.)
234  Economy / Speculation / Re: Time Inc. Deal Promises to Ratchet Up Firehose of Selling Pain for Bitcoin on: December 18, 2014, 06:13:50 AM
It's amusing to see speculators complaining about merchant adoption. If Bitcoin isn't used for transactions, it's not good for anything.
235  Economy / Speculation / Re: Official Bitcoin Price Prediction for Dec 31, 2014 on: December 17, 2014, 08:05:21 PM
The median of the guesses is in the $2K-$3K range. 

With the current price at $317, 2014 will end in the $100 - $500 range. That's a big target. Next year, please provide poll options no more than 2x apart. 
236  Economy / Speculation / Re: Bit coin is on a down hill slope on: December 16, 2014, 09:04:43 PM
1.) Big corporations are adopting Bitcoin. Tigerdirect, Overstock, Paypal, and Microsoft now accepts Bitcoin. These companies are likely set up to automatically cash out in USD with prices set in USD to minimize risk. This means that when you purchase something with Bitcoin this creates sell pressure which helps drive the price of Bitcoin down.
Usage on those services is tiny. Overstock did $3M in Bitcoin business in 2014. Paypal and Microsoft accept Bitcoin only for some very limited purposes. TigerDirect accepts Bitcoin mostly as an old promotion; their Bitcoin page is trying to sell obsolete Radeon GPUs for Bitcoin mining. (They're out of stock on their sale of old Butterfly Labs units.)
237  Bitcoin / Bitcoin Discussion / Re: Why are merchants not serious about the advantages of Bitcoin? on: December 16, 2014, 08:53:26 PM
Offer something like a 5% discount on BTC purchases, sharing the savings they enjoy using BTC.
Overstock isn't paying anything like 5% on credit card transactions. People running a business out of their parents' basement pay 5%. Big companies pay around 1%.
238  Bitcoin / Mining speculation / Re: Dec 2 to Dec 15 diff thread. ( +0.15%) to (+0.92%) on: December 15, 2014, 07:21:06 AM
Well, at 1.8 days to go, the estimate is -0.95%. Mining activity has stopped growing for now.


Difficulty, last 9 months.
239  Bitcoin / Legal / Re: What does it take to open a exchange in the USA? on: December 13, 2014, 10:12:29 PM
There's another approach, which is to register as a broker/dealer with the SEC, and become an exchange listed with the SEC. That bypasses state regulation. But you have to pass the exams every broker passes, meet capital requirements, undergo a background check, have audits, pay for insurance, and be regulated. This interferes with the "take the money and run" business model used by most Bitcoin exchanges.
240  Bitcoin / Bitcoin Discussion / Re: Microsoft is now accepting Bitcoin on: December 13, 2014, 10:09:17 PM
Guess its time to buy an xbox...
Microsoft won't sell you an XBox, or any other Microsoft product, for Bitcoins. All they'll take Bitcoins for are the junk items you used to have to use "Microsoft Point" for. In-game items, cheap apps, that kind of thing. Stuff that doesn't cost Microsoft anything.
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